IRDM
Iridium Communications Inc.
IRDM trails on the overall score without a compensating advantage in the available component scores.
TMUS
T-Mobile US, Inc.
TMUS has the edge over IRDM overall, supported by stronger modeled upside and lower modeled downside.
IRDM Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Healthy | |
| Strong | |
| Weak |
IRDM's profitability and cash flow are currently healthy, and its revenue is stable, but its balance sheet is weak.
TMUS Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Healthy | |
| Strong | |
| Strong |
TMUS's profitability, cash flow and balance sheet are currently healthy, and its revenue is stable.
IRDM PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 24x | $36.38 | -21% |
| Current | 31x | $46.12 | — |
| Fair | 40x | $60.39 | +31% |
| Forward | 68x | $46.12 | — |
| Expensive | 489x | $738 | +1501% |
Historical ranges are pointers, not guarantees.
IRDM's PE is in its fair range at 31x. Analysts expect earnings to fall, which would put today's price at 68x next year's earnings.
TMUS PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 13x | $171 | — |
| Current | 16x | $171 | — |
| Cheap | 21x | $218 | +27% |
| Fair | 26x | $274 | +60% |
| Expensive | 56x | $581 | +240% |
Historical ranges are pointers, not guarantees.
TMUS has the edge over IRDM in the historical PE scenario, which offers more potential upside but is not a forecast.
IRDM Forward outlook
| Metric | Outlook |
|---|---|
| Strongly deteriorating | |
| Strong decline | |
| Growth | |
| Strongly weakening | |
| Limited | |
| Low |
Analysts expect IRDM's revenue to grow, but its earnings and profitability to decline. However, they disagree widely on these estimates.
TMUS Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Growth | |
| Strongly improving | |
| Limited | |
| Moderate |
TMUS has the edge over IRDM on the outlook, with more favorable valuation and earnings expectations.
IRDM Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $0.68 | -55% |
| Q3 2026 | $1.51 | +35% |
| Q2 2026 | $0.88 | -10% |
| Q1 2026 | $0.99 | -5.7% |
| Q4 2025 | $1.06 | +13% |
| Q3 2025 | $1.12 | +20% |
| Q2 2025 | $0.98 | +38% |
| Q1 2025 | $1.05 | +425% |
| Q4 2024 | $0.94 | +683% |
IRDM has the edge over TMUS on earnings, with more consistent year-over-year improvement.
TMUS Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $13.49 | +30% |
| Q3 2026 | $10.37 | -0.2% |
| Q2 2026 | $9.56 | -9.7% |
| Q1 2026 | $9.41 | -8.1% |
| Q4 2025 | $9.72 | +0.6% |
| Q3 2025 | $10.39 | +18% |
| Q2 2025 | $10.59 | +33% |
| Q1 2025 | $10.24 | +39% |
| Q4 2024 | $9.66 | +39% |
TMUS earned $10.37 per share over the past year, about the same as the year before.
IRDM Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $245.7M | +8.3% |
| Q2 2026 | $225.2M | +3.8% |
| Q1 2026 | $219.1M | +1.9% |
| Q4 2025 | $212.9M | 0% |
| Q3 2025 | $226.9M | +6.7% |
| Q2 2025 | $216.9M | +7.9% |
| Q1 2025 | $214.9M | +5.4% |
| Q4 2024 | $213M | +9.4% |
IRDM's revenue has held roughly level: $246M last quarter, up 8.3% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 13% | -18 points |
| Q2 2026 | 15% | -8.1 points |
| Q1 2026 | 23% | -5 points |
| Q4 2025 | 26% | +1.5 points |
| Q3 2025 | 31% | +5.1 points |
| Q2 2025 | 23% | +1.5 points |
| Q1 2025 | 28% | +3.7 points |
| Q4 2024 | 24% | +0.7 points |
IRDM's operating margin was 13% last quarter, down 18 points from the same quarter a year ago.
TMUS Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $23.6B | +7.4% |
| Q2 2026 | $22.8B | +7.9% |
| Q1 2026 | $23.1B | +11% |
| Q4 2025 | $24.3B | +11% |
| Q3 2025 | $22B | +8.9% |
| Q2 2025 | $21.1B | +6.9% |
| Q1 2025 | $20.9B | +6.6% |
| Q4 2024 | $21.9B | +6.8% |
TMUS has the edge over IRDM on sales, with more consistent year-over-year improvement.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 24% | +3.4 points |
| Q2 2026 | 24% | -0.6 points |
| Q1 2026 | 19% | -3.5 points |
| Q4 2025 | 15% | -5.6 points |
| Q3 2025 | 21% | -3.2 points |
| Q2 2025 | 25% | +1.3 points |
| Q1 2025 | 23% | +2.6 points |
| Q4 2024 | 21% | +4 points |
TMUS has the edge over IRDM on profitability, with a higher operating margin.
IRDM Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $68.5M | -14% |
| Q2 2026 | $92.3M | -15% |
| Q1 2026 | $41.7M | +14% |
| Q4 2025 | $75.1M | -6.7% |
| Q3 2025 | $79.2M | -21% |
| Q2 2025 | $108.9M | +59% |
| Q1 2025 | $36.5M | -36% |
| Q4 2024 | $80.5M | +12% |
IRDM's free cash flow has been positive every quarter for seven years: $278M over the past year, down 9.1% from the year before.
TMUS Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $5.1B | +5.3% |
| Q2 2026 | $4.8B | +4.4% |
| Q1 2026 | $4.6B | +4.6% |
| Q4 2025 | $4.2B | +25% |
| Q3 2025 | $4.8B | +15% |
| Q2 2025 | $4.6B | +32% |
| Q1 2025 | $4.4B | +79% |
| Q4 2024 | $3.3B | +2% |
TMUS has the edge over IRDM on cash flow, with more consistent year-over-year improvement.
IRDM Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.4% | +458K shares |
| 1 year | +2.3% | +2.5M shares |
| 3 years | -13% | -16.3M shares |
| 5 years | -18% | -23.9M shares |
| Available history | -13% | -16.2M shares |
IRDM has 109M diluted shares, up 2.3% from a year ago.
| Quarter | Spent |
|---|---|
| Q3 2026 | — |
| Q2 2026 | — |
| Q1 2026 | — |
| Q4 2025 | $30,000 |
| Q3 2025 | $50.4M |
| Q2 2025 | $65.6M |
| Q1 2025 | $70.5M |
| Q4 2024 | $123.1M |
IRDM has spent almost nothing on buybacks in the past year.
TMUS Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -1% | -10.8M shares |
| 1 year | -4.9% | -55M shares |
| 3 years | -8.8% | -103M shares |
| 5 years | -15% | -182M shares |
| Available history | +24% | +207M shares |
TMUS has the edge over IRDM on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $2.4B |
| Q2 2026 | $2.3B |
| Q1 2026 | $4.8B |
| Q4 2025 | $2.4B |
| Q3 2025 | $2.5B |
| Q2 2025 | $2.6B |
| Q1 2025 | $2.5B |
| Q4 2024 | $4.7B |
TMUS spent $12B buying back its own shares over the past year, down 1.7% from the year before.
IRDM Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 5.6x | High |
| Q2 2026 | 3.7x | Elevated |
| Q1 2026 | 3.8x | Elevated |
| Q4 2025 | 3.7x | Elevated |
| Q3 2025 | 3.9x | Elevated |
| Q2 2025 | 4.1x | High |
| Q1 2025 | 4.2x | High |
| Q4 2024 | 4.2x | High |
IRDM's net debt is about 5.6 years of its operating earnings (EBITDA), up from 3.9 years a year ago.
TMUS Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 0.0x | Very low |
| Q2 2026 | 0.1x | Very low |
| Q1 2026 | -0.0x | Net Cash |
| Q4 2025 | 2.5x | Moderate |
| Q3 2025 | 0.1x | Very low |
| Q2 2025 | -0.1x | Net Cash |
| Q1 2025 | -0.1x | Net Cash |
| Q4 2024 | 2.4x | Moderate |
TMUS has the edge over IRDM on leverage, with a lower net debt burden relative to earnings.
IRDM Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 54.3 | Neutral |
| Stochastic | 34.5 | Neutral |
IRDM's weekly RSI is 54 (neutral) and its Stochastic is 34 (neutral).
TMUS Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 47.9 | Neutral |
| Stochastic | 42.1 | Neutral |
TMUS's weekly RSI is 48 (neutral) and its Stochastic is 42 (neutral).
IRDM PE vs Communication Services Sector
| Metric | IRDM | Sector median | Relative |
|---|---|---|---|
| PE | 31x | 16x | 85% above |
| PE % | 33 | 26 | 7 pts above |
IRDM is trading at 31x earnings, a 85% premium to the Communication Services sector's median of 16x.
TMUS PE vs Communication Services Sector
| Metric | TMUS | Sector median | Relative |
|---|---|---|---|
| PE | 16x | 16x | Same PE |
| PE % | 1 | 26 | 25 pts below |
TMUS has the edge over IRDM on valuation relative to its sector.
IRDM Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $46.1 | 0.2% above |
| 20 week MA | $47.5 | 2.8% below |
| 50 week MA | $37.3 | 24% above |
| 100 week MA | $31.2 | 48% above |
| 200 week MA | $36.2 | 27% above |
IRDM has the edge over TMUS on trend strength, trading above more of its moving averages.
TMUS Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $159.1 | 7.5% above |
| 20 week MA | $172.0 | 0.5% below |
| 50 week MA | $187.8 | 8.9% below |
| 100 week MA | $212.9 | 20% below |
| 200 week MA | $188.7 | 9.4% below |
TMUS has bounced recently, but its long-term trend is still down: it's above its 8-week average, but 9.4% below its 200-week average.
IRDM Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $25.1 | $39.1 | +55% |
| 2021 | $39.1 | $42.3 | +8.3% |
| 2022 | $42.3 | $50.6 | +20% |
| 2023 | $50.6 | $41.2 | -19% |
| 2024 | $41.2 | $29.1 | -29% |
| 2025 | $29.1 | $17.2 | -41% |
| 2026 YTD | $17.2 | $46.1 | +168% |
IRDM has the edge over TMUS on returns for 2026, with the stronger performance.
TMUS Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $77.2 | $132.9 | +72% |
| 2021 | $132.9 | $119.9 | -9.8% |
| 2022 | $119.9 | $140.0 | +17% |
| 2023 | $140.0 | $160.3 | +15% |
| 2024 | $160.3 | $223.0 | +39% |
| 2025 | $223.0 | $201.0 | -9.9% |
| 2026 YTD | $201.0 | $171.0 | -15% |
TMUS has finished higher in four of the last six years. It's down 15% so far in 2026.